Fluence Energy (NASDAQ:FLNC) Earns "Equal Weight" Rating from Barclays

Barclays reaffirmed their equal weight rating on shares of Fluence Energy (NASDAQ:FLNC - Free Report) in a research note published on Tuesday morning, MarketBeat Ratings reports. Barclays currently has a $5.00 target price on the stock, down from their prior target price of $9.00.

Other equities analysts have also issued reports about the company. Royal Bank of Canada lowered Fluence Energy from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $25.00 to $7.00 in a research report on Wednesday, February 12th. Guggenheim downgraded shares of Fluence Energy from a "buy" rating to a "sell" rating and lowered their target price for the company from $26.00 to $6.00 in a research note on Tuesday, February 11th. Canaccord Genuity Group cut their target price on shares of Fluence Energy from $34.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. UBS Group lowered shares of Fluence Energy from a "buy" rating to a "neutral" rating and decreased their price target for the company from $28.00 to $8.00 in a report on Wednesday, February 12th. Finally, BMO Capital Markets lowered Fluence Energy from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $22.00 to $10.00 in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.79.

Fluence Energy Trading Up 7.8 %

Shares of NASDAQ FLNC traded up $0.30 during mid-day trading on Tuesday, hitting $4.16. The company's stock had a trading volume of 4,023,017 shares, compared to its average volume of 3,305,555. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market cap of $755.24 million, a price-to-earnings ratio of -83.20 and a beta of 2.48. The company's fifty day simple moving average is $6.00 and its 200-day simple moving average is $14.10. Fluence Energy has a one year low of $3.63 and a one year high of $26.12.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, sell-side analysts anticipate that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 30,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the transaction, the director now directly owns 105,861 shares in the company, valued at $691,272.33. This represents a 39.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ahmed Pasha acquired 15,500 shares of the company's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $6.48 per share, for a total transaction of $100,440.00. Following the purchase, the chief financial officer now directly owns 24,703 shares of the company's stock, valued at approximately $160,075.44. This trade represents a 168.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 79,000 shares of company stock valued at $499,665. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zimmer Partners LP boosted its holdings in shares of Fluence Energy by 757.7% during the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock worth $34,052,000 after acquiring an additional 1,894,301 shares during the period. Webs Creek Capital Management LP acquired a new stake in Fluence Energy during the 4th quarter worth approximately $15,118,000. Covalis Capital LLP bought a new stake in Fluence Energy in the 4th quarter valued at $12,113,000. Trexquant Investment LP grew its holdings in Fluence Energy by 577.5% in the 4th quarter. Trexquant Investment LP now owns 876,463 shares of the company's stock valued at $13,918,000 after buying an additional 747,103 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Fluence Energy by 63.5% during the 4th quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock worth $24,940,000 after buying an additional 610,229 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.